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Canadian cryptocurrency exchange QuadrigaCX is unable to access most of its funds and owes around $190 million to its customers after the death of its founder Gerald Cotten. According to a report by CoinDesk, a court filing suggests that crypto exchange owes $250 million CAD as most of the funds were kept in a cold […]
In 2018, we saw cryptocurrencies taking a hit after an overly impressive 2017. JP Morgan reports that the cost of mining one Bitcoin is now worth more than its value. In the fourth quarter, the cost of mining a Bitcoin averaged around $4,060 while the trading cost is $3,600. However, there is a varied range for […]
The IT security researchers at Palo Alto Networks’ Unit 42 have discovered a dangerous new Mac malware capable of targeting devices for multi-purposes including stealing cryptocurrency. Dubbed CookieMiner by researchers; the Mac malware is a variant of OSX.DarthMiner, another nasty piece of malware known for targeting MacOS. But, CookieMiner aims at much more than its predecessor. According to researchers, […]
The very prolific Palo Alto Networks’ Unit 42 has made a huge discovery again, as they revealed to the public another cryptocurrency mining malware. Known as CookieMiner, it is a new crypto mining virus that specifically developed to target Mac hardware. Using cookies connected with login under MyEtherWallet, an interface service supporting Ethereum. “It sparked […]
New report States that only Two hacker groups are responsible for the majority of cryptocurrency hacking attacks and stolen nearly $1 Billion so far in 2018. Crypto exchange is now one of the most frequently targeting attack platform and the cybercriminals stealing millions of dollars in cryptocurrency. New Crypto crime report reveals that there only […]
Most of the news about blockchain is regarding making money or saving money, either in the form of cryptocurrency or logistical efficiencies. But the Project Heritage has put a new spin on the blockchain that might have you giving your money away. What is Project Heritage? A-Cubed is a Silicon Valley-based unit of Airbus that […]
One of the biggest fears when it comes to our precious finances is that they might be taken from us when we least expect it. This fear has rapidly moved from having physical cash stolen to having our entire digital financial footprint snatched from us. But, while this is a very real concern, there are […]
Samsung is soon to make its most-anticipated Galaxy S10 series official. With rumors joining the rumor mill each day, the most recent one hints at a possible new feature by the company. According to a tweet by tipster Ben Geskin, the South Korean company is likely to launch its blockchain wallet for cryptocurrency along with […]
A couple of weeks back, the Coinbase security team noticed that someone had made a deep reorganization in the distributed ledger for Ethereum Classic. The hackers successfully launched a 51 percent attack on the blockchain and made away with over $200,000 worth of the digital currency. Gate.io was particularly affected, but according to a report […]
The criminals demanded a payment in virtual currency for $950k USD in exchange for releasing a businessman, who is still missing Network security and ethical hacking specialists from the International Institute of Cyber Security reported an unusual incident. A criminal group kidnapped a businessman and, at the time of demanding the ransom, they specified that […]
Cryptopia, a New Zealand based cryptocurrency exchange has undercome a cyber attack leading to “significant losses.” The incident took place on January 14 and upon detecting the attack Cryptopia was forced to halt services by taking their website and exchange offline. Initially, on its Twitter account, Cryptopia claimed that the website has been taken down for “unscheduled maintenance” and displayed a […]
The malware was found hidden in the Windows shortcut file on The Pirate Bay. A new malware has been identified in popular torrent forum The Pirate Bay. The malware is discovered in a shortcut file for a movie and it has the capability to manipulate web pages along with changing the addresses for Bitcoin and […]
Coinbase.com, a mainstream cryptocurrency exchange, disclosed an abnormal 12 double spend in the Ethereum Classic, which prompted them to halt the transaction of ETC blockchain. These 15 reorganizations in aggregate cost around $1.1 million worth of Ethereum Classic (219,500 ETC) transactions. Also known as the 51% attack, where an individual is successful in producing enough […]
The popular Exchange Coinbase cryptocurrency has suspended all transactions of Ethereum Classic (ETC) – the original version of Ethereum’s unrelated network – on its trading platforms, other products and services after the discovery of a potential attack on the network. cryptocurrency allows someone to spend the same digital coins. twice. Why does this attack concern? […]
The incident allowed the attackers to spend the same virtual coin twice Anybody can’t spend the same cryptocurrency for two different transactions. For example, each transaction made with Bitcoin is registered in a database (named blockchain) to which anyone can access to ensure that there is no fraud; or at least that’s what we thought. […]
In spite of a ban on usage of cryptocurrency in India, stated by the Reserve Bank of India, various top companies are experimenting with the use of cryptocurrencies, according to a new report. Companies such as Hindustan Unilever Ltd. (HUL), a Mumbai-based consumer goods company, Reliance Industries Ltd. (RIL), HDFC Bank and ABG Shipyard, and […]
Blockchain technology has many uses and advantages over other types of ledger-based technology. One aspect of blockchain technology that is especially valuable today is the ability to securely and safely transmit data to and from two or more parties. This is particularly important when the information being shared is highly confidential or valuable. Or, it […]
As part of its expansion to the space of cryptocurrency, torrent client BitTorrent will be introducing its own native cryptocurrency using the Tron. Tron, a blockchain business startup and its operating system of the same name acquired the ownership of BitTorrent client in 2018 to the tune of $140 million. Last year, Tron was still […]
Ethereum is the second biggest cryptocurrency with a massive $10 billion market capitalization. It also means that Ethereum mining and transactions gobble up tons of energy. Well, things might change by the end of 2019. According to a report from IEEE Spectrum, Vitalik Buterin, the computer scientist who invented Ethereum, is planning a major overhaul. Buterin is […]
The world was surprised by stories grand success by people who became overnight millionaires due to riding technological innovations. The mainstream media picked-up the story of the Bitcoin and the bright future full of possibilities for the cryptocurrency. It was initially launched around 9 years ago, increased its value by leaps and bounds and did […]
This year we have seen an unprecedented rise in malware attacks against cryptocurrency wallets whereas cryptomining incidents have increased by 4,000%, reports McAfee. The latest attack on well-known Bitcoin wallet Electrum further proves that malware attacks on crypto wallets are indeed on a rise. According to reports, Electrum Bitcoin wallet has been attacked and hackers […]